Related Party Transactions

12 Months Ended

Dec. 31, 2011

Related Party Transactions [Abstract]

Related Party Transactions

Note 20. Related Party Transactions

At December 31, 2011, loans to directors and executive officers of the Corporation and companies in which directors have an interest (Related Parties) aggregated $22.9 million. These loans have been made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the same time for comparable transactions with customers and did not involve more than the normal risk of collectability or present other unfavorable terms.

The summary of activity for the past year is as follows:

(Dollars in thousands)

				Amounts
				Collected
Balance at				and Other		Balance at
January 1, 2011		Additions		Reductions		December 31, 2011
$	45,302	$	1,380	$	23,736	$	22,946

The Corporation paid $400 thousand and $1.4 million during 2011 and 2010, respectively, to H. Mininger & Son, Inc. for building expansion projects which were in the normal course of business on substantially the same terms as available for others. H. Ray Mininger, a director of the Corporation, is secretary of H. Mininger & Son, Inc.

Deposits received from Related Parties as of December 31, 2011 were $6.6 million.

At December 31, 2011, the Bank had commitments to extend credit to Related Parties of $8.7 million and standby and commercial letters of credit for Related Parties of $192 thousand. These commitments have been made in the ordinary course of business on substantially the same terms, including interest rates and collateral, as those prevailing at the same time for comparable loans with persons not related to the lender and did not involve more than the normal risk of collectability or present other unfavorable features.